Two-Level Office
For Sale
$924,999
3110 Ocean Heights Ave, Egg Harbor Township, NJ 08234
Professional property with multiple offices, reception areas, kitchen space, and dedicated parking.
Property Size3,925 SF
Price / SF$235.67
Days on Market40
Property Features for 3110 Ocean Heights Ave
General Information
Standard status
Active
Size
3,925 SF
Additional Details
Road Access
Yes
Amenities
kitchen
bull-pen
waiting areas
main lobby
shower
air conditioning zones
dual heat pump
window units
Building Details
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
Platinum Real Estate
(609) 335-8598
Listed By:
Michele L. Jackson · License #RB-7942010
Source:
Southjerseyshorehomesfinder
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 5:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Real Estate
Investment Insights
Based on property information with market context.
Built in 1980, this two-story office property provides 3,925 square feet with 12 offices, 2.5 baths including a shower, a kitchen, and a bullpen area for additional desks. The interior also includes two waiting areas and a separate main lobby designed for reception. Three air-conditioning zones support flexible operations, including one dual heat pump, while supplemental window units can serve after-hours use without operating the central system.
The building fronts Ocean Heights Ave in Egg Harbor Township and offers more than 20 parking spaces, with additional room available on site. An ambulance bay is also included, supporting medical-oriented occupancy. The configuration is suited to a range of professional office applications, including medical, dental, counseling, legal, accounting, and mortgage services.
The building fronts Ocean Heights Ave in Egg Harbor Township and offers more than 20 parking spaces, with additional room available on site. An ambulance bay is also included, supporting medical-oriented occupancy. The configuration is suited to a range of professional office applications, including medical, dental, counseling, legal, accounting, and mortgage services.
Key Highlights
- 3,925 SF office building with 12 offices arranged across two levels
- 2.5 baths, including a shower, plus kitchen and bullpen workspace
- Two waiting areas and a separate main lobby for reception
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,120
$1.2M
Cap Rate 7%
$821,514
$821.5K
Cap Rate 9%
$638,956
$639.0K
Market Conditions
NOI Build-Up for 3,925 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.0K $26.76/SF
− Vacancy
−$28.4K −$7.23/SF
EGI
$76.7K $19.53/SF
− OpEx
−$19.2K −$4.88/SF
NOI
$57.5K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,120
Cap Rate 7%
$821,514
Cap Rate 9%
$638,956
Alternative Uses
Best Use
Office B
$821.5K
$718.8K – $958.4K
NOI $57,506 @ 7.0% cap · market cap 6.22%
Second Best
Healthcare Medical
$794.9K
$695.6K – $927.4K
NOI $55,644 @ 7.0% cap · market cap 6.02%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,315 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 08234, NJ
46,906
Population
17,728
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
60.7 sq mi
ZIP Area
773
Density / Sq Mi
$96,604
Median Household Income
$46,070
Median Earnings
$1,466
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional property with multiple offices, reception areas, kitchen space, and dedicated parking.
Where is this office building located?
The property is located at 3110 Ocean Heights Ave Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $924,999.
What are key features of this property?
This property features: 3,925 SF office building with 12 offices arranged across two levels; 2.5 baths, including a shower, plus kitchen and bullpen workspace; Two waiting areas and a separate main lobby for reception
